Industry Background:
Simultaneous localization and mapping (SLAM) could be a part of robotic navigation and mapping. it's the procedure drawback of change an unknown setting map by at the same time keeping a track of the placement of the agent inside it. many algorithms area unit accustomed solve it, in a very traceable quantity for a particular setting. a number of the favored strategies embody extended Kalman filter, GraphSLAM, and particle filter.This growth is primarily driven by Rising Growth of SLAM in Augmented Reality (AR) and The emergence of New Digital Technologies like Automation and Artificial Intelligence.
Globally, a noticeable market trend is evident Employment of Cloud-Based Visual SLAM for Outdoor Applications. The Robotics & Automation sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Intel (United States), Microsoft (United States), Alphabet (United States), Amazon Robotics (United States), Apple (United States), Clearpath Robotics (Canada), Aethon (United States), The Hi-Tech Robotic Systemz (India), Facebook (United States), Intellias (Ukraine) and Magic Leap (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In 2019, Facebook Inc., the biggest social media platform, acquired London computer vision startup Scape Technologies Ltd. Cape Technologies works with a cloud-based Visual Engine allowing user’s devices to tap into fused insights of the surrounding world with augmented reality capabilities additionally helping in determining the precise location for accurate visual services.
In 2021, Intel (US), in association with Mobileye (Israel), launched a road experience management (REM) platform—an HD mapping solution that uses data collected by REM-capable vehicles to build maps that can be used in ADAS and autonomous driving systems.
Market Drivers
- Rising Growth of SLAM in Augmented Reality (AR)
- The emergence of New Digital Technologies like Automation and Artificial Intelligence
Market Trend
- Employment of Cloud-Based Visual SLAM for Outdoor Applications
Restraints
- Incorrect Initialization and Loop Closure will Lower the SLAM Accuracy and Hamper the Market Growth
Opportunities
Demand for Service Robot for Domestic Applications and Rising Demand for Drones in Military and Commercial Applications
Challenges
Increased Complex Design of Data Association in Visual SLAM
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Simultaneous Localization and Mapping Study Sheds Light on
The Simultaneous Localization and Mapping Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Simultaneous Localization and Mapping industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Simultaneous Localization and Mapping industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.